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Bill Ackman may be known in the financial industry for his proxy battles—most notably with Target in the past and Canadian Pacific Railway right now—but he's also a big name in philanthropy circles.

His charitable fund Pershing Square Foundation—which has the same name as his hedge fund, Pershing Square—has just made the largest arts-related donation ever of $25 million to the non-profit Signature Theatre. [via Bloomberg]

Signature is currently in the process of opening a new center, and will be naming it the "Pershing Square Signature Center" in honor of Ackman's gift. The venue will tout three theaters, two practice studios and public recreation areas; it is located on W. 42nd St. near Broadway.

"Signature has made a remarkable contribution to the cultural life of New York. With the opening of their new home, their impact on the city will increase significantly," Ackman said in a press release.